Centurylink (CTL) Earning Somewhat Favorable News Coverage, Report Finds

Press coverage about Centurylink (NYSE:CTL) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Centurylink earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.5534574638183 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on CTL shares. Jefferies Group lowered their price objective on shares of Centurylink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Oppenheimer lowered their price objective on shares of Centurylink from $28.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Deutsche Bank restated a “hold” rating and issued a $16.00 price objective on shares of Centurylink in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Barclays raised shares of Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price on the stock in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.37.

Shares of Centurylink (NYSE CTL) traded down $0.70 during midday trading on Tuesday, hitting $16.54. 13,790,000 shares of the stock traded hands, compared to its average volume of 16,540,000. The company has a market cap of $17,680.00, a price-to-earnings ratio of 28.52, a PEG ratio of -7.59 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. Centurylink has a one year low of $13.16 and a one year high of $27.61.

Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. equities research analysts expect that Centurylink will post 1.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 13.06%. The ex-dividend date was Friday, November 24th. Centurylink’s dividend payout ratio (DPR) is presently 372.41%.

In other news, Vice Chairman William Bruce Hanks acquired 10,000 shares of Centurylink stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $14.41 per share, with a total value of $144,100.00. Following the purchase, the insider now directly owns 58,722 shares of the company’s stock, valued at $846,184.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Glen F. Post III acquired 50,000 shares of Centurylink stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 150,595 shares of company stock worth $2,154,131 in the last three months. 0.61% of the stock is owned by insiders.

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About Centurylink

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

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